Ask Question
21 April, 19:45

One who, in good faith and without knowledge of defect, pays valuable consideration for a note before it is due is referred to as:a receiver in trust. an endorser in blank. a holder in due course. an assignor.

+3
Answers (1)
  1. 21 April, 21:41
    0
    The correct answer to the following question is A holder in due course.

    Explanation:

    A holder in due course is said to be a legal term, which describes about the person who has in good faith obtained a negotiable instrument and he or she has exchanged something valuable for that instrument, but the person is unaware of the fact that there might be some defect in the instrument like in title of person who is negotiating that contract.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “One who, in good faith and without knowledge of defect, pays valuable consideration for a note before it is due is referred to as:a ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers